Suspicious Clone
WikiFX Score
The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints!
No restriction on the broker account. Provide service support by WikiFX
Single Core
1G
40G
Red Pine Capital (PTY) LTD.
270878288245
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support@trade245.com
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It has been verified that this broker currently has no valid regulatory, please be aware of the risk!
The number of the complaints received by WikiFX have reached 6 for this broker in the past 3 months, please be aware of the risk and the potential scam!
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The Financial Sector Conduct Authority (FSCA) is the market conduct regulator of financial institutions, that provide financial products and financial services, financial institutions that are licensed in terms of a financial sector law, including banks, insurers, retirement funds and administrators, and market infrastructures. The FSCA is responsible for market conduct regulation and supervision. FSCA aims to enhance and support the efficiency and integrity of financial markets and to protect financial customers by promoting their fair treatment by financial institutions, as well as providing financial customers with financial education. The FSCA will further assist in maintaining financial stability.
Current Status:
Suspicious CloneLicense Type:
Financial Service CorporateRegulated in Country/Area
Regulatory License No.:
46044Email Address of Licensed Institution :
--License Type:
No SharingWebsite of Licensed Institution :
Expiry Date :
--Address of Licensed Institution :
FLOOR 9,ATRIUM ON 5TH 5TH STREET SANDTON,GAUTENG 2196Phone Number of Licensed Institution :
010 9003184No data
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General Information & Regulation
Trade245 is a product of Red Pine Capital (PTY) LTD, Johannesburg, South Africa, with company number 2014/220311/07 an authorized financial services provider, licensed and regulated by the Financial Sector Conduct Authority (FSCA) in South Africa, with FSP No. 46044. Trade245 (Red Pine Capital (Pty)Ltd) acts as intermediary between the investor and Market Financials Limited, the counterparty to the contract for difference purchased by the Investor via Trade245, authorised and regulated by the Financial Services Authority of Seychelles with Security Dealer License no. SD006. All payments via Skrill and Neteller are processed for Red Pine Capital (Pty) Ltd.
Market Instruments
Tradable financial instruments available on the Trade245 platform including forex curreny pairs, commodities, indices, stocks. Actually, many other brokers could even offers richer instruments, like metals, cryptos, and options, etc.
Minimum Deposit
In terms of minimum initial deposit, the requirement is $100. Although this seems reasonable and proper amount, given the fact that this broker is an unregulated one, traders should stay away from it, anyway.
Leverage
In terms of trading leverage available on the Trade245 platform, Trade245 offers up to 1:500 in leverage. Since leverage can amplify gains as well as losses. Please be warned that trading with levels that high is risky.
Spreads & Commissions
Trade245 offers variable spreads. Clients of Trade245 are allegedly offered spreads starting from 1 pip on majors. However, this information cannot be verified through the MT4 demo account. Besides, commissions are charged on certain account types at $10 per lot.
Trading Platform Available
Trade245 says to support both the MetaTrader4 and MetaTrader5. However, you can only download a MT4 from but Trade245s website, and you cannot test it in demo environment.
Deposit & Withdrawal
With regard to payment methods available, Trade245 advertises working with bank wire, cards, Skrill, as well as Bitcoin.
Crypto network fees:
BTC – Deposit 0.00025; Withdrawal 0.0005
ETH – Deposit 0.005; Withdrawal 0.0085
USDT – Deposit 15; Withdrawal 15
XRP – Deposit 0.02; Withdrawal 0.02
BCH – Deposit 0.001; Withdrawal 0.001
LTC – Deposit 0.001; Withdrawal 0.001
Customer Service
The Trade245 customer service support can be reached through email (support@trade245.com), telephone (+27(0) 87828 8245). Unfortunately, live chat is not available.
The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.
Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.
Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.